Here is an example of the trades for EUR/USD EUR/JPY both winners. I closed EURUSD early as i had to drive into work.
EUR/JPY 5 lots $243.21 - total pips 40
EUR/USD 5 lots $62.50 - total pips 12
As for the settings and template here is how you set your chart up.template below as well but this is to be applied to the Renko chart not the set up. Make sure you do STEP ONE THEN OPEN THE OFFICE LINE CHART AND APPLY THE TEMPLATE TO THE OFF LINE CHART.
1 - open a 1M chart of EURUSD and place RenkoRangeBarsV.2_R_kg (found on this forum) with the following settings - 10,0,2 False, True, False
If you want to build it by hand do the below
2 - Go to your MT4 at the top pick File - Open Offline - Select EURUSD M2. Now you have the Renko chart
3 - Place Ichimoku Kinko Hyo settings 9,26,52 (i dont use this is just for comparison)
Place another Ichimoku Kinko Hyo settings 8,5,3
Place the Indicator "Attachment" (attached below) you really dont need this but i like to have it. It just tells me what color the Henki Ashi candle.
Thats it then all you do is trade when the candle crosses and closes out side AND is not TOUCHING the Ichi 8,5,3 (blue cloud). Enter 1 tick above below. There are examples below from last night.
EUR/JPY 5 lots $243.21 - total pips 40
EUR/USD 5 lots $62.50 - total pips 12
As for the settings and template here is how you set your chart up.template below as well but this is to be applied to the Renko chart not the set up. Make sure you do STEP ONE THEN OPEN THE OFFICE LINE CHART AND APPLY THE TEMPLATE TO THE OFF LINE CHART.
1 - open a 1M chart of EURUSD and place RenkoRangeBarsV.2_R_kg (found on this forum) with the following settings - 10,0,2 False, True, False
If you want to build it by hand do the below
2 - Go to your MT4 at the top pick File - Open Offline - Select EURUSD M2. Now you have the Renko chart
3 - Place Ichimoku Kinko Hyo settings 9,26,52 (i dont use this is just for comparison)
Place another Ichimoku Kinko Hyo settings 8,5,3
Place the Indicator "Attachment" (attached below) you really dont need this but i like to have it. It just tells me what color the Henki Ashi candle.
Thats it then all you do is trade when the candle crosses and closes out side AND is not TOUCHING the Ichi 8,5,3 (blue cloud). Enter 1 tick above below. There are examples below from last night.
Attached File(s)
attachment.ex4
3 KB
|
893 downloads
basic ichi temp.tpl
1 KB
|
895 downloads